Can I retire at age 60 with 787,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$64,990$64,411$63,846$63,295$62,756$61,140
2 years$32,173$31,574$30,993$30,430$29,884$28,266
3 years$21,236$20,634$20,055$19,497$18,960$17,391
4 years$15,768$15,168$14,595$14,046$13,522$12,015
5 years$12,488$11,892$11,326$10,789$10,279$8,838
6 years$10,303$9,711$9,153$8,628$8,134$6,759
7 years$8,742$8,155$7,606$7,094$6,615$5,307
8 years$7,572$6,990$6,451$5,951$5,488$4,246
9 years$6,662$6,086$5,556$5,069$4,621$3,446
10 years$5,935$5,365$4,844$4,369$3,938$2,826
11 years$5,341$4,776$4,264$3,803$3,387$2,337
12 years$4,846$4,287$3,785$3,335$2,935$1,945
13 years$4,427$3,874$3,381$2,945$2,559$1,628
14 years$4,068$3,521$3,038$2,614$2,243$1,369
15 years$3,758$3,217$2,743$2,331$1,975$1,155
16 years$3,487$2,951$2,487$2,087$1,746$977
17 years$3,248$2,718$2,263$1,875$1,548$829
18 years$3,035$2,512$2,066$1,690$1,376$704
19 years$2,845$2,328$1,891$1,527$1,227$600
20 years$2,675$2,163$1,736$1,383$1,096$511
21 years$2,521$2,015$1,596$1,255$981$436
22 years$2,381$1,881$1,471$1,141$879$373
23 years$2,253$1,759$1,359$1,039$789$319
24 years$2,136$1,648$1,256$948$709$273
25 years$2,029$1,547$1,164$866$638$234
26 years$1,930$1,454$1,079$792$575$200
27 years$1,839$1,368$1,002$725$518$172
28 years$1,754$1,289$932$664$468$147
29 years$1,675$1,216$867$609$422$127
30 years$1,602$1,148$808$559$382$109
31 years$1,534$1,086$753$513$345$93
32 years$1,469$1,027$702$472$312$80
33 years$1,409$973$656$434$282$69
34 years$1,353$922$613$399$256$59
35 years$1,300$875$573$367$232$51
36 years$1,250$830$536$338$210$44
37 years$1,203$788$502$312$190$37
38 years$1,158$749$470$287$172$32
39 years$1,116$712$440$265$156$28
40 years$1,076$678$413$244$142$24
41 years$1,038$645$387$225$129$20
42 years$1,002$614$363$208$117$18
43 years$968$585$340$192$106$15
44 years$935$558$320$177$96$13
45 years$904$532$300$164$87$11
46 years$874$508$282$151$79$10
47 years$846$484$265$140$72$8
48 years$819$463$249$129$65$7
49 years$793$442$234$119$59$6
50 years$768$422$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $787,000, adding $6,092 every year, while hoping to spend $53,010 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 56/15/29 Blend
59$787,000$787,000$787,000$787,000
60$873,558$831,847$819,648$915,176
61$906,259$816,205$790,704$928,870
62$940,518$798,020$759,014$937,785
63$976,439$777,112$724,430$946,433
64$1,014,134$753,288$686,796$954,808
65$1,053,724$726,348$645,952$962,903
66$1,095,341$696,076$601,728$970,717
67$1,139,128$662,245$553,948$978,249
68$1,185,241$624,618$502,428$985,503
69$1,233,850$582,939$446,974$992,486
70$1,285,141$536,940$387,385$999,210
71$1,339,314$486,339$323,451$1,005,692
72$1,396,590$430,836$254,953$1,011,955
73$1,457,210$370,114$181,661$1,018,028
74$1,521,435$303,840$103,337$1,023,950
75$1,589,552$231,658$19,729$1,029,768
76$1,661,874$153,197$0$1,035,537
77$1,738,744$68,063$0$1,062,830
78$1,820,536$0$0$1,098,136
79$1,907,662$0$0$1,139,516
80$2,000,569$0$0$1,195,662
81$2,099,749$0$0$1,255,642
82$2,205,743$0$0$1,319,788
83$2,319,140$0$0$1,388,463
84$2,440,589$0$0$1,462,066
85$2,570,800$0$0$1,541,033
86$2,710,552$0$0$1,625,845
87$2,860,702$0$0$1,717,028
88$3,022,187$0$0$1,815,160
89$3,196,039$0$0$1,920,876
90$3,383,390$0$0$2,034,873
91$3,585,484$0$0$2,157,917
92$3,803,686$0$0$2,290,849
93$4,039,498$0$0$2,434,594
94$4,294,570$0$0$2,590,169
95$4,570,714$0$0$2,758,691
96$4,869,926$0$0$2,941,387
97$5,194,397$0$0$3,139,611
98$5,546,537$0$0$3,354,846
99$5,928,999$0$0$3,588,728
100$6,344,699$0$0$3,843,054